Carnival Corporation & plc (CCL) functions as a leisure travel company, with its ships visiting approximately 700 ports. It owns and operates hotels, lodges, glass-domed railcars, and motor coaches and offers port destinations and other services. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally.
Most cruise operators suffered heavy losses due to the COVID-19 pandemic-led restrictions. Although the industry made a strong recovery with the easing of travel restrictions and the reopening of the economy, CCL has lost 53.4% year-to-date.
